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Markets :: Specialty Chemicals :: Electronic chemicals

Analyst Report Rates Dow Shares 'Conviction Buy'

3:21 PM MDT | July 20, 2009 | Vincent Valk

Goldman Sachs has given Dow's 'conviction buy' rating, removing a 'not rated (NR)' designation for the company's shares, according to an analyst report. Goldman set a $23/share 12-month target for Dow, citing a "favorable outlook" for the specialty and intermediate chemicals businesses, which compose two-thirds of Dow's sales in the wake of the Rohm and Haas (R&G) acquisition. Dow's ability to cut costs and find synergies should help to move the company's post-acquisition strategy forward, the report says. The company has "made impressive...

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